Gold falls; oil lower ahead of EIA supply data

SAN FRANCISCO (MarketWatch) -- Gold futures fell Thursday, headed for their sixth losing session in a row as crude oil futures also declined ahead of a government update on petroleum supplies. Gold for February delivery
gc2g
was down $30.30, or 1.9%, at $1,533.80 an ounce on the Comex division of the New York Mercantile Exchange. Prices have already lost 3.3% over the past five sessions. February crude oil
cl2g
traded at $98.81 a barrel on Nymex, down 55 cents, or 0.6%. The U.S. government will report its latest data on supplies at 11 a.m. Eastern. The American Petroleum Institute late Wednesday reported an unexpected 9.6 million-barrel climb in crude stocks for the week ended Dec. 23.

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